08/24/2014 – Euro
September euro:
1. Since Wed., Aug. 20 the September euro indicated further decline into the week of Aug. 25 (current week) and a test/attempt at $132/$190, noted in our Williams edge live meetings.
2. Today’s (Monday, Aug. 25) September euro completed the $132/$190 downside target (today’s session low, $131.85, so far).
3. How the euro handles the $132/$190 downside target remains important. Continued daily (and especially a weekly close) above $132/$190 is important and may prompt new long entry. Will update as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.